Knafaim (Israel) Market Value
| KNFM Stock | ILS 1,375 26.00 1.93% |
| Symbol | Knafaim |
Knafaim 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Knafaim's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Knafaim.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Knafaim on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Knafaim or generate 0.0% return on investment in Knafaim over 30 days. Knafaim is related to or competes with El Al, Melisron, Global Knafaim, Bezeq Israeli, and Shufersal. Knafaim Holdings Ltd. is a holding company, which through its subsidiaries offers aircraft leasing services, military ai... More
Knafaim Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Knafaim's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Knafaim upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0928 | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 5.71 |
Knafaim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knafaim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knafaim's standard deviation. In reality, there are many statistical measures that can use Knafaim historical prices to predict the future Knafaim's volatility.| Risk Adjusted Performance | 0.1162 | |||
| Jensen Alpha | 0.4152 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0908 | |||
| Treynor Ratio | (1.58) |
Knafaim Backtested Returns
Knafaim appears to be very steady, given 3 months investment horizon. Knafaim has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Knafaim, which you can use to evaluate the volatility of the firm. Please exercise Knafaim's Mean Deviation of 1.98, downside deviation of 2.83, and Risk Adjusted Performance of 0.1162 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Knafaim holds a performance score of 12. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Knafaim are expected to decrease at a much lower rate. During the bear market, Knafaim is likely to outperform the market. Please check Knafaim's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Knafaim's current price movements will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Knafaim has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Knafaim time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Knafaim price movement. The serial correlation of -0.71 indicates that around 71.0% of current Knafaim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 681.78 |
Knafaim lagged returns against current returns
Autocorrelation, which is Knafaim stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Knafaim's stock expected returns. We can calculate the autocorrelation of Knafaim returns to help us make a trade decision. For example, suppose you find that Knafaim has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Knafaim regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Knafaim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knafaim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knafaim stock over time.
Current vs Lagged Prices |
| Timeline |
Knafaim Lagged Returns
When evaluating Knafaim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knafaim stock have on its future price. Knafaim autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Knafaim autocorrelation shows the relationship between Knafaim stock current value and its past values and can show if there is a momentum factor associated with investing in Knafaim.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Knafaim Stock
Knafaim financial ratios help investors to determine whether Knafaim Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Knafaim with respect to the benefits of owning Knafaim security.